Between 2012 and 2013 Goldman Sachs helped raise US$ 6.5 billion over three bond sales for 1Malaysia Development Berhad (1MDB). 1MDB was the strategic investment and development company that was wholly-owned and controlled by the Government of Malaysia through its Ministry of Finance. Goldman Sachs
Pakistan banks put a hold on 2Checkout wire transfers? TL;DR; Pakistani banks refuse to process wire transfers sent by payment gateways and aggregators. During an ongoing balance of payment crisis, they plan to return US$ 200 million in annual technology and SME linked online export
TARF PSR PFE Model in Excel – Part II This is the second in the series on the calculation of Pre-settlement Risk (PSR) & Potential Future Exposure (PFE) for FX derivatives. We extend the model we used to calculate the PSR & PFE risk measures
TARF PSR PFE Exposure calculation model Pre-settlement Risk (PSR) & Potential Future Exposure (PFE) are calculated to assess counterparty credit risk for derivative transactions. PSR calculates the risk of a counterparty default at a static point in time while PFEs assess the risk over the
The positive correlation stress test When it comes to stress testing market portfolios one idea has been finding increasing traction with risk management teams. The 100% positive correlation stress test. The concept is simple. We opt for a diversified portfolio because we want to reduce
Vanilla options TARF and participating forwards. A case study. There are some common questions that repeatedly get posed in my treasury products class about the variations available within exotic derivative instruments. Are these exotic contracts really needed? Who really benefits from selling these exotic products?